Wednesday, April 11, 2007

last time I said this the market tanked

but the solar stocks are on fire again. Although they look like they may be topping. TSL, SPWR, and USU look like they may be about to reverse. FSLR just broke out, but it didn't show strength today, going up less than yesterday in a tight range on higher volume. That looks like churning, possibly. And after being one of the only stocks to recover quickly and go up significantly during the big sell-off, WFR has stalled, although it could be about to break out from its narrow range.

This is not a good sign for this rally. As IBD said in the Big Picture tonight, solar seems to be the only group making any decent breakouts since the rally. If they start to fail, what does that leave?

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